Politics Against Economic Models: How Economic Models and EU Rules Disarmed the Politicians and Saved the Economy of Denmark

Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

Abstract

The paper uses Denmark as its case show how a combination of supranational institutions in the form of EU-regulation and black boxed institutions in the form of economic models from the 1970’s up till today shape the room of maneuver for government’s economic policy. Both the EU legislation as well as the economic models effectively decouple the economy from national politics and limit the room of maneuver of politicians who are bound by rules they have created but which are now often beyond their reach. The Danish politicians made a political choice to de-politicize the economic policy to save the country’s economy after a period of economic chaos. The paper argues that this institutional development has important implications for our understanding of the relationship between capitalism and democracy.
Original languageEnglish
Publication date2019
Number of pages1
Publication statusPublished - 2019
EventThe 3rd Nordic Challenges Conference - Copenhagen Business School, Frederiksberg, Denmark
Duration: 6 Mar 20198 Mar 2019
Conference number: 3
https://www.tilmeld.dk/thirdnordicchallenges

Conference

ConferenceThe 3rd Nordic Challenges Conference
Number3
LocationCopenhagen Business School
CountryDenmark
CityFrederiksberg
Period06/03/201908/03/2019
Internet address

Cite this

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title = "Politics Against Economic Models: How Economic Models and EU Rules Disarmed the Politicians and Saved the Economy of Denmark",
abstract = "The paper uses Denmark as its case show how a combination of supranational institutions in the form of EU-regulation and black boxed institutions in the form of economic models from the 1970’s up till today shape the room of maneuver for government’s economic policy. Both the EU legislation as well as the economic models effectively decouple the economy from national politics and limit the room of maneuver of politicians who are bound by rules they have created but which are now often beyond their reach. The Danish politicians made a political choice to de-politicize the economic policy to save the country’s economy after a period of economic chaos. The paper argues that this institutional development has important implications for our understanding of the relationship between capitalism and democracy.",
author = "Niels Fuglsang",
year = "2019",
language = "English",
note = "null ; Conference date: 06-03-2019 Through 08-03-2019",
url = "https://www.tilmeld.dk/thirdnordicchallenges",

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Politics Against Economic Models : How Economic Models and EU Rules Disarmed the Politicians and Saved the Economy of Denmark. / Fuglsang, Niels.

2019. Abstract from The 3rd Nordic Challenges Conference, Frederiksberg, Denmark.

Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

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N2 - The paper uses Denmark as its case show how a combination of supranational institutions in the form of EU-regulation and black boxed institutions in the form of economic models from the 1970’s up till today shape the room of maneuver for government’s economic policy. Both the EU legislation as well as the economic models effectively decouple the economy from national politics and limit the room of maneuver of politicians who are bound by rules they have created but which are now often beyond their reach. The Danish politicians made a political choice to de-politicize the economic policy to save the country’s economy after a period of economic chaos. The paper argues that this institutional development has important implications for our understanding of the relationship between capitalism and democracy.

AB - The paper uses Denmark as its case show how a combination of supranational institutions in the form of EU-regulation and black boxed institutions in the form of economic models from the 1970’s up till today shape the room of maneuver for government’s economic policy. Both the EU legislation as well as the economic models effectively decouple the economy from national politics and limit the room of maneuver of politicians who are bound by rules they have created but which are now often beyond their reach. The Danish politicians made a political choice to de-politicize the economic policy to save the country’s economy after a period of economic chaos. The paper argues that this institutional development has important implications for our understanding of the relationship between capitalism and democracy.

M3 - Conference abstract for conference

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